Our Latest Thinking on Procurement

Building advanced procurement capabilities can lead to more than simply cost-cutting. When done right, it can reshape the whole supply chain from end to end. Explore BCG's latest thought leadership on procurement to lead your organization into a leaner future.

With the importance of innovation rising to the top of the chief procurement officer’s agenda, leaders must establish a procurement innovation strategy—defining the type of innovation needed for different products.

Performance Management (PM) is one of the most crucial success factors in Procurement. However, few CPOs have it under control. In a recently conducted survey among ~50 Procurement heads only 65% stated their PM covered the core value dimensions driven by the department.

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The digital procurement journey can lead to meaningful results: a 5% to 10% cost savings and a 30% to 50% increase in efficiencies. In this video, BCG’s Daniel Weise discusses the three primary ways in which procurement organizations are pursuing—and benefiting from—innovations in digitization.

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